SOURCE: Xignite Inc.

Xignite On-Demand Financial Market Data

February 16, 2011 10:00 ET

Xignite Announces Record Growth in 2010

Increased Market Data Sales and Private Label Agreements With NASDAQ and CME Group Pave the Way for Further Expansion

SAN MATEO, CA--(Marketwire - February 16, 2011) - Xignite Inc., the leading provider of on-demand financial market data and market data cloud solutions, today announced that it achieved record growth in 2010. The company closed the year with its highest annual revenue on record, adding more than 300 new clients. Xignite also solidified private label distribution agreements with the world's two largest exchanges, NASDAQ and CME Group, with the launch of NASDAQ Data-on-Demand in the fourth quarter of 2010 and the launch of a CME on-demand product scheduled for the first half of 2011. 

Xignite now supplies financial market data to more than 900 global clients spanning a broad array of financial applications, including investment management, portfolio accounting, compliance, financial news and community websites. "In 2010, Xignite not only captured a substantially higher number of customers with core financial applications, but also realized strong demand from the expanding app market, including iPad apps, mobile apps, social apps, and beyond," said Stephane Dubois, CEO of Xignite. "Cloud-based delivery of financial market data is creating a whole new economic model around the distribution of financial information."

Xignite also experienced increasing demand for its private label market data cloud platform, XigniteOnDemand. The only cloud platform for on-demand market data delivery, XigniteOnDemand is the commercially available market data cloud solution that provides the scalability, elasticity, ease-of-use, entitlements, reporting, and monetization capabilities required to make large, complex financial market data sets available for easy consumption over the Internet in a rapid deployment private label solution for exchanges, trading venues and other market data sources. 

In the fourth quarter of 2010, Xignite and NASDAQ successfully launched NASDAQ Data-On-Demand, which makes the massive NASDAQ historical tick database available on-demand for investment strategy and algorithmic trading backtesting. Unlike traditional means of delivering historical stock tick data, such as feeds and files, NASDAQ Data-On-Demand gives customers the opportunity to hand-pick very specific data sets. In early 2011, Xignite will be launching the previously announced XigniteOnDemand product for CME Group, offering on-demand access to end-of-day OTC settlement, volume and open interest data from the Chicago Mercantile Exchange ClearPort® OTC clearing service. Data sets will include credit default swaps (CDS), energy, metals, agriculture commodities and foreign currencies with plans to add other data sets in the future. Prior to CME and NASDAQ, Xignite launched on-demand products for BGCantor, a leading provider of Government Bond Data and Copp Clark's Good Business Day, a leading supplier of global exchange holidays and trading hours.

On-demand financial market data has achieved mainstream acceptance within traditional financial and non-traditional segments. In the third quarter of 2010, Xignite signed a deal with Microsoft® to provide data to the Microsoft Azure Marketplace DataMarket. Integrated with Microsoft Office 2010®, Microsoft Visual Studio® and SQL Server®, users are now able to pull Xignite's on-demand data directly into Excel 2010® and other applications via the DataMarket, opening up financial market data to the 500 million Microsoft Office® users worldwide. Currently, data sets made available through the DataMarket include Xignite's popular global forex web services, with plans to add other data sets in 2011. 

The rapid adoption of on-demand financial market data in 2010, and Xignite's position as a leader in this space, lay the groundwork for growth and expansion moving into 2011 and beyond. To accommodate these opportunities, Xignite recently completed the move to a new corporate headquarters. Now located in one of Silicon Valley's premier professional campus, Xignite's newest location is larger and more technologically capable, increasing capacity for their continued growth and new customer additions. As of January 1st, 2011, all inquiries may be sent to the new location: Xignite Inc. 1825 South Grant Street #100, San Mateo, CA 94402. Xignite may also be reached by calling +1.650.655.3700 or by emailing info [at]

About Xignite
Xignite is the market leader in on-demand financial market data distribution -- fulfilling more than 5 billion web service requests monthly. Xignite's market data cloud offers the industry's broadest selection of on-demand financial data covering global equities, funds, forex, futures, options, fixed income, reference data, historical data and news. More than 900 global clients use Xignite's solutions in mission-critical applications for front, back and mid-office, e-commerce, mobile, and web apps, including Citi, GE, Wells Fargo, BNY Mellon, Dow Jones,, Computershare, ExxonMobil, Starbucks and Coca-Cola. The XigniteOnDemand platform also powers market data clouds for leading stock exchanges, brokers and data providers including the CME Group, NASDAQ OMX, BgCantor and Pearson.

Contact Information

  • Media Contact:
    Landon Long
    Xignite Inc.
    Email Contact